Slide 1: H1 FY26 Presentation
For personal use only H1 FY26 Presentation 2 March 2026
Slide 2: Introduction
Introduction ▪ HighCom is an Australian-based, global, specialist defence company that provides personnel protective systems and products to the government, law-enforcement, military, space and commercial sectors. ▪ The business is structured into two divisions: For personal use only Company ▪ HighC
Slide 3: Business Highlights
Business Highlights HighCom Group’s proprietary technology, trusted defence relationships and global reach, position the company to capture greater market share in the growing global armour and counter-drone markets Proprietary XTclave technology - A patented process that produces ultralight, thin a
Slide 4: H1 Update & Outlook - AUD
H1 Update & Outlook - AUD Revenue EBITDA For personal use only 40 • The Company reported H1 revenue of $10.9 million and an EBITDA loss of $5.4 million. • The weaker result was driven by the US Government shutdown, tariff-related uncertainty in the US 30 market • Note that a tax expense related to 2
Slide 5: H1 Update & Outlook - AUD
H1 Update & Outlook - AUD Group Revenue & Gross Margin % 35 40% 30 35% For personal use only 30% 25 25% 20 20% 15 15% • The impact of the US Government shutdown and tariff related uncertainty has had a significant impact 10 10% on H1 Armour revenue, when compared to H1 FY25 at December 2024. 5 5% •
Slide 6: Inventory Management - USD
Inventory Management - USD Highcom Armour Finished Goods & Raw Material US$, exc. impairment 12 For personal use only 10.1 9.8 10 9.2 8.1 8.3 8 7.3 • Total inventory at 31 December US$8.4m including impairment 6 • H1 FY26 converted US$1.1m of inventory into 4.9 5.00 4.5 4.7 cash 4 • Inventory that h
Slide 7: Ballistic Protection Market
Ballistic Protection Market By Region By Application By Product Type For personal use only 8% 9% 12% 8% North America 17% Defense Europe Body Armor Law Enforcement Asia Pacific Helmets Civil 30% 22% 6% MEA 59% Shields 61% Others 67% Latin America • North America remains the core demand area, over 67
Slide 8: Divisions and Drivers
Divisions and Drivers HighCom Armour HighCom Technology Characteristics Drivers Characteristics Drivers For personal use only • Proprietary XTclave process • Rising defence and law- • Integrator of C-UAS and UAS creating lighter, stronger ballistic enforcement modernisation systems with sensor fusio
Slide 9: What is the XTclave Advantage?
What is the XTclave Advantage? Traditional methods The Leading Edge For personal use only Oven Axial Press XTclave Good Better Best • HighCom Armour currently use ovens to produce • HighCom Armour currently use pressing to • XTclave is HighCom’s proprietary ultra-high high volume, high quality, but
Slide 10: What is HighCom Technology Advantage
What is HighCom Technology Advantage HighCom Technology has transitioned from a product-centric approach to a solutions-driven, technology integrator. This strategic shift positions the business to capture emerging opportunities in a rapidly evolving security landscape where co -design, interoperabi
Slide 11: Company Outlook
Company Outlook US • Pricing momentum and sales activity increased through February, with strong customer interest in HighCom armour products. Government • Shot Show engagement levels were very positive and materially higher than January 2025. Shutdown For personal use only Channel / • Expanded dire
Slide 12: Shot Show January 2026
Shot Show January 2026 For personal use only HIGHCOM LTD | H1 FY26 Investor Presentation 12
Slide 13: Important Information
Important Information This presentat ion is given on behalf of HighCom Limited (HighCom). Information in this presenta tion is for general informa tion purposes only, and is not an offer or invitation for subscript ions, purchase of recommenda tion of securit ies in HighCom. Certain stat ements in t
Slide 14: For personal use only
This ASX announcement has been authorised for release by the Board. For personal use only For General & Media Enquiries: Mr Geoff Knox Executive Chairman and Group Chief Executive Officer E: investors@highcom.group HighCom Limited | ABN 90 103 629 107 | 3 Faulding Street, Symonston, ACT 2609, Austra